Market Overview
Home Prices in Locust Grove, OK
The median home value in Locust Grove, OK is $190,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Locust Grove are priced53% below average.
Over the past five years, Locust Grove home values have risen by approximately23.4%, reflecting strong long-term appreciation in this market.
Price History
Locust Grove Home Price Trend
2020
$125,882
$126K
—
2021
$154,625
$155K
+22.8%
2022
$185,001
$185K
+19.6%
2023
$181,951
$182K
-1.6%
2024
$186,308
$186K
+2.4%
2025
$188,914
$189K
+1.4%
2026
$190,743
$191K
+1.0%
City Comparison
Locust Grove vs. National Median
🏠 Locust Grove
$190,743
National Median
$410,000
At $190,743, homes in Locust Grove cost 53% below the national median of $410,000. This makes Locust Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Locust Grove?
20% Down Payment
$38,149
on $190,743
Monthly P&I
$995/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,264/mo
incl. taxes & insurance
Income Needed
$50,560
gross annual (30% rule)
10% Down Option
$19,074
+ PMI applies
Loan Amount (20% dn)
$152,594
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Locust Grove, OK?
The median home value in Locust Grove is $190,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Locust Grove?
Over the past year, home values in Locust Grove have increased by 1%. Over five years, prices have risen approximately 23.4%.
How much do I need to earn to buy a home in Locust Grove?
To comfortably afford the median home price of $190,743 with a 20% down payment ($38,149) at today's rates (6.8%), you'd need a gross annual income of approximately $50,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Locust Grove compare to the national average home price?
The national median home value is approximately $410,000. At $190,743, homes in Locust Grove are 53% below the national average.